Synopsys Inc. Hits New 52-Week High at $41.36 (SNPS)
Shares of Synopsys (NASDAQ:SNPS) hit a new 52-week high during trading hours on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $41.36 and last traded at $41.21, with a volume of 468,312 shares trading hands. The stock had previously closed at $41.04.
A number of research firms have recently commented on SNPS. Analysts at Needham & Company reiterated a “top pick” rating on shares of Synopsys in a research note to investors on Friday, January 3rd. Analysts at Zacks reiterated a “neutral” rating on shares of Synopsys in a research note to investors on Friday, December 6th. They now have a $39.00 price target on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $40.67.
Synopsys has a one year low of $31.97 and a one year high of $41.15. The stock has a 50-day moving average of $39.02 and a 200-day moving average of $37.46. The company has a market cap of $6.356 billion and a P/E ratio of 25.97.
Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.01. The company had revenue of $504.90 million for the quarter, compared to the consensus estimate of $505.82 million. During the same quarter last year, the company posted $0.47 earnings per share. Synopsys’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that Synopsys will post $2.57 earnings per share for the current fiscal year.
Synopsys, Inc is engaged in providing technology solutions used to develop electronics and electronic systems.
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